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Market Overview
Following a significant sell-off in artificial intelligence (AI) stocks on Wall Street, major stock indexes in the Asia-Pacific region experienced a downturn. This was exacerbated by the announcement from United States President Donald Trump regarding new tariffs on foreign production of computer chips, semiconductors, and pharmaceuticals.
Market Closures
It's important to note that markets in Australia, South Korea, and China were closed for holidays, potentially impacting regional market dynamics.
Index Performance
Hong Kong's Hang Seng index saw a slight decrease of 0.11%, while Japan's Nikkei 225 dropped by 0.57%. Meanwhile, the dollar strengthened against the yen, trading 0.62% higher.
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